CFTC Extends Tracking of Shady Off-Exchange Currency Deals
Published Date: 9/22/2026
Notice
Summary
The Commodity Futures Trading Commission (CFTC) wants to keep collecting info about off-exchange foreign currency trades and is asking the public to share their thoughts. This is a routine renewal with no new fees or big changes, but comments are due by November 23, 2026. If you’re involved in these currency transactions, this is your chance to speak up!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Large reporting burden on retail-forex firms
The CFTC is renewing its information collection for off-exchange foreign currency trades that applies to RFEDs, FCMs, IBs, CPOs, and CTAs. The agency estimates 64 respondents with an average burden of 2,195 hours per respondent and a total annual burden of 140,454 hours. Comments on the renewal are due on or before November 23, 2026.
Continued customer-protection recordkeeping rules
The Part 5 rules require firms offering off-exchange forex to distribute risk disclosures, provide monthly account statements and confirmations within one business day, maintain transaction ledgers and records of communications about possible violations, perform quarterly calculations of profitable customer accounts, and have annual chief compliance officer certifications. The CFTC says these reporting and recordkeeping requirements are intended to promote customer protection and safeguards for retail forex customers.
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Key Dates
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